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Posted on: April 26, 2019

*UPDATE 5/30* STAR changes in the state budget and new STAR Exemption renunciation instructions

UPDATE May 30 - Deadline for STAR Credit switch

NYS Department of Tax and Finance just announced the deadline for property owners to voluntarily switch from the STAR Exemption to the STAR Credit Check is June 17th for 2019. If you switch by that date you will receive a check from NYSDTF in September of 2019. If you switch after that date it will be considered for 2020. Go to www.tax.ny.gov or call (518) 457-2036 if you would like to switch or would like more information.


UPDATE
Streamlined process for switching to the STAR credit from the exemption

To switch to the STAR credit from the exemption, property owners no longer need to renounce their exemption using Form RP-496.

NYS Department of Tax and Finance has now added new options to the beginning of the STAR credit registration online application, www.tax.ny.gov . Homeowners are now guided to choose from three options:

  • Update Registration
  • Make the Switch
  • Register for STAR

Deadline to switch:

To help property owners know whether they’ll switch to the STAR credit for the current year or 2020, NYSDTF has published a new lookup tool:  Deadline to switch to the STAR credit from the STAR exemption

The deadline is generally two weeks prior to final roll date (July 1st). (For localities that levy school taxes on the prior year roll, the deadline is four weeks prior to the date that school tax bills are issued.)


STAR changes in the state budget for both Basic & Enhanced

2019-2020 Enacted State Budget includes several provisions impacting the STAR Program.

To encourage property owners to register for the STAR credit, the budget:

  • caps the annual growth in STAR exemption (Basic & Enhanced) savings at 0%, and
  • reduces the income limit for the Basic STAR exemption from $500,000 to $250,000.

STAR credits, (also known as STAR credit check program) however, can continue to increase up to 2% annually (Basic & Enhanced) and the Basic income limit for the STAR credit remains $500,000. You will receive a check directly from NYS Tax and Finance every year you qualify.

If you want to switch from the STAR exemption to the STAR credit,  there are two steps you need to take: 1) follow the instructions for STAR exemption removal and renunciation and 2) register with NYS Tax & Finance for the STAR credit. You can register by visiting www.tax.ny.gov or calling 518-457-2036.

Please note that the renunciation of a STAR exemption is irrevocable. This includes property owners who renounce their STAR exemption to switch to the credit; they CANNOT switch back to the exemption at a later time.

For Albany County, send the renunciation form (RP-496) to:

Maggie Alix, Director
Albany County Real Property Services
112 State Street, Room 1340
Albany, NY  12207

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